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May 24, 2013
Rockland Adopts Advance Policy Notice
Rockland Options Schefferville Gold Claims from Western Troy
For Immediate Release. Vancouver, British Columbia, August 26, 2010: Rockland Minerals Corp. (TSX Venture: RL) (the “Company”) reports the Company has entered into an option agreement with neighbouring explorer Western Troy Capital Resources Inc. ("Western Troy”) for 151 mineral claims covering over 7,400 hectares in the Schefferville gold area of northern Québec. In 2009, Western Troy intersected significant gold, lead, zinc and silver mineralization on the Arsene property, now part of the Rockland option agreement, which included 5.5 grams per tonne gold over a core length of 7.11 metres, and 8.5 per cent lead, 1.9 per cent zinc and 27 g/t silver, over a core length of 3.05 metres. The drill program tested only a small number of the potential surface exploration targets on the property. In 2010, Western Troy completed additional work in the form of geophysical and ground prospecting surveys that has yielded more drill targets for immediate follow up.
The Western Troy claims are in 10 distinct blocks staked over known gold showings originally discovered in the mid 1980's by Québec government geologists on NTS map sheets 23O04 and 23J14. Many of the claims are contiguous to Rockland’s existing gold claims in the camp, which were staked over known gold showings by E.D. Black in 2001. The Western Troy claims cover several highly prospective gold areas including the Arsene, Lac du Canoe, Lac Guillaume, Lac Lilois and Lac La Borde showings, and compliment Rockland's existing property position at Lac Boucault , Lac Guillaume NW and Lac Lilois. The area is generally referred to as the Ashuanipi gold district.
The Ashuanipi rocks are highly metamorphosed Archean-age gneisses immediately to the west of the younger Proterozoic rocks of the Labrador Trough, which host mineralization in the reactivated Schefferville iron ore district, and Rockland's Cu-Ni-PGE property at Retty Lake. Both areas are easily worked from the town of Schefferville. The gold in the Ashuanipi district occurs in polymetallic mineralization (Au- Ag-Pb-Zn) associated with strong arsenopyrite. This mineralization is a relatively new discovery, found by Québec government lake bottom sediment surveys in the 1980's. Only one wave of drilling has been done in the Ashunaipi district, in the late 1980's, by Iron Ore Company of Canada, and by a joint venture between Québec juniors Vior and Mazarim. Significant gold was found in the drilling, but was not economic at the time, and no drilling has been done since the recent drilling program by Western Troy.
The mineralization is believed to be hosted in thin, Algoma-type banded iron formations which are complexly folded and metamorphosed to the granulite facies. Rockland believes that the iron-rich units trapped gold mineralization mobilized during devolitalization of sedimentary rocks, deep within the roots of an orogenic zone, and that the Ashuanipi arsenic-gold occurrences were formed beneath the brittle-ductile crustal transition, in the root zones of an Abitibi-type system as postulated by E.M. Cameron of the Geological Survey of Canada in 1989. As such, the mineralization is not expected to be as focused as in an Abitibi-type system. Never the less, these are some of the strongest gold-arsenic anomalies in Québec, and the many companies that have looked at the area and discounted its potential have missed one of the last remaining strong gold-arsenic occurrences in the province. Rockland will keep an open mind about the nature of this gold occurrence and prospect for the best zones using structural geology and ground geophysics. Drilling will be focused on finding continuously mineralized zones, regardless of their geometry or exploration model, with a good chance of developing economic tonnages at today's gold price.
Under the option agreement, the Company can acquire a 55% interest in the Property by making cash payments totaling $60,000 and issuing an aggregate of 600,000 common shares over a three-year period, and by spending $800,000 in exploration on the property over a three-year period. Terms are subject to the approval of the TSX Venture Exchange.
"This is the last remaining strong arsenic-gold anomaly area in Québec, and the Rockland-Western Troy synergy creates a focused gold play with a strong chance of success", said Rockland geologist George F. Sanders. "We feel that the chemical reductant traps, which deposited the gold-arsenic during deep seated metamorphism, were amphibolites and iron formations, and we will focus on these mafic rocks and look for remobilization and concentration of gold-arsenic values in their contact zones and in later shear zones cutting these favourable horizons.
The technical information contained in this news release has been reviewed by George F. Sanders, P.Geo, qualified person under policy NI 43-101.
Rockland Minerals Corp.
Rav Mlait, MBA
President & CEO
Rockland Minerals Corp. is focused on developing its Schefferville gold property and Retty Lake copper-nickel, platinum group elements (PGE) property, both located in the prolific Labrador Trough area in the province of Québec, Canada. Rockland is listed on the TSX Venture Exchange under the symbol "RL". To learn more about Rockland please visit www.rocklandminerals.ca
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Rockland Minerals Corp. (TSX V- RL) Contact information:
Rockland Minerals Corp.
600 - 999 West Hastings Street
Vancouver, B.C. V6C 2W2